Examples of Facility A Revolving Loans in a sentence
If no election as to the Type of Borrowing of Revolving Loans is specified, then (A) a Borrowing of Facility A Revolving Loans or Canadian Revolving Loans requested in dollars shall be an ABR Borrowing, (B) a Borrowing of Canadian Revolving Loans requested in Canadian Dollars shall be a Canadian Prime Rate Borrowing and (C) a Borrowing of Facility B Revolving Loans other than Canadian Revolving Loans shall be a Eurocurrency Borrowing with an Interest Period of one month.
All Facility A Revolving Loans shall be made on a pro rata basis by Facility A Lenders in accordance with their respective Facility A Proportionate Shares, with each Facility A Revolving Loan Borrowing to be comprised of a Facility A Revolving Loan made by each Facility A Lender equal to such Facility A Lender's Proportionate Share of such Facility A Revolving Loan Borrowing.
Borrowers shall pay accrued interest on the unpaid principal amount of each Facility A Revolving Loan in arrears (A) in the case of a Base Rate Loan, on the last day of the month of each March, June, September and December, (B) in the case of a LIBOR Loan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months); and (C) in the case of all Facility A Revolving Loans, upon prepayment (to the extent thereof) and at maturity.
Prepayments of Facility A Revolving Loans shall be applied pro rata to the applicable Facility A Revolving Loans of all Facility A Revolving Lenders based on the outstanding amount thereof for the account of such applicable Facility A Revolving Lender.
Except as otherwise provided herein, Borrowers may borrow, repay and reborrow Facility A Revolving Loans until the Facility A Revolving Loan Maturity Date.
Borrowers shall repay the principal amount of the Facility A Revolving Loans in full on the Facility A Revolving Loan Maturity Date.
The holder of this Facility A Revolving Note is authorized to record the date and amount of Facility A Revolving Loans made by the Bank, the amount of interest accruing from time to time and the date and amount of each payment or prepayment of principal thereof on the schedule annexed to and constituting a part hereof, or on a continuation thereof which shall be attached hereto and a part hereof and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded.
Each such notice shall be effective upon receipt by the Administrative Agent, shall be irrevocable, and shall specify the date, whether such borrowing is to be of Term Loans, Facility A Revolving Loans or Facility B Revolving Loans, the amount and type of borrowing and, in the case of a Eurodollar borrowing, the initial Interest Period and the Applicable Currency therefor.
Upon the request of any Lender made through the Administrative Agent, the applicable Borrower shall execute and deliver to such Lender (through the Administrative Agent) a promissory note substantially in the form of Exhibit A (each a “Note”), which shall evidence such Lender’s Term Loan, Facility A Revolving Loans or Facility B Revolving Loans in addition to such accounts or records.
Subject to Section 2.2.1, each partial prepayment of Facility A Revolving Loans and Facility B Revolving Loans shall be in a minimum amount such that the Dollar Equivalent thereof is $1,000,000 and an integral multiple of $1,000,000 in excess thereof.